Friday, 26 December 2014
Last updated 2 days ago
Jul 29 2010 | 1:03pm ET
Osmium Capital Management is set to close its flagship hedge fund to new investors this year, the firm said.
The Osmium Special Situations Fund currently manages $330 million. But the firm has enjoyed strong returns in recent years, including a 6% jump in the first half. Osmium credited a decline in proprietary trading on the part of banks and risk-aversion on the part of hedge funds for the number of opportunities it has enjoyed.
The firm said that existing commitments and “strong” interest from other investors should push it to $500 million by the end of the year, Dow Jones Newswires reports. When it reaches that level, the firm will close the fund, which has an annualized return of 16% since its launch more than five year ago, it said.
Osmium also recently hired Northwater Capital Management’s Craig Hippern as chief financial officer. Hippern served as head of financial reporting at the Toronto-based hedge fund.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.